ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 34

Dividend rate

8%

Shares outstanding

9,000

Dividends in arrears

none

Common stock:

Par value per share

$10

Shares issued

100,000

Dividends paid per share

$2.00

Market price per share

$47

Additional paid-in capital

$480,000

Unappropriated retained earnings (after closing)
$250,000